Anti Corruption Commission (ACC) has confirmed the process of hiring China's Dongfeng Electric International Corporation (DEIC) for the installation of a high voltage electricity system between Male' and Hulhumale' did not involve corruption.
Post ACC confirmed the pre-project phase did not involve any level of corruption, the project has kicked-off at a fast pace.
According to State Electric Company's (STELCO) Managing Director Zuhoor, ACC had reviewed the documents of the project and concluded it met all the criteria of a legitimate transaction.
Zuhoor confirmed that DEIC was granted the project on short of USD 12 billion, with a settlement period of 7 years. However China National Electric Engineering Co (CNEEC) will have a five year settlement period.
China's DEIC offered to complete the project for a cost of USD 44.46 million while CNEEC offered USD 56.6 million for the project.
Government has initiated a project titled 'Fifth power project' assigned to STELCO, the entire project costs MVR 1.2 billion.
The project, distributed to three phases will see the installation of six 8.9 mega-Watt generators, oil silos and a water desalination plantation.
The high voltage electricity network linking between Male' and Hulhumale' through the Maldives-China bridge will be housed through a 132 kilo-Watt high-voltage cable.
